If you’re considering selling your business—or just curious about the process—you might wonder how much of the sale price you actually get to keep. In this video, we break down the tax costs involved in a business sale, including what the IRS and your state will take based on your location and business entity type. From capital gains to hidden tax surprises, this guide will give you a clear picture of the real cost of selling a business.
🍿 WATCH NEXT:
The #1 Tactic to Make Your Business Worth 100% More When You Sell - https://youtu.be/8NeTHvQ6e9Q
🌍 My website - https://www.5ForFifty.com
WHO AM I?
Hey 👋, I’m Jonathan Pototschnik; many friends call me JP. I’ve been an entrepreneur my whole life, with a brief detour working for a software company from age 20 to 24. I’ve had some incredible wins, like building multiple companies to 8-figure annual revenues and enjoying a significant exit from my software company. But I’ve also faced my share of struggles, such as losing three years and $100k on my first ‘real’ company and walking away from another after investing several years and giving back my equity.
I’ve learned a lot from both my successes and failures. In my videos, I share evidence-based strategies that worked for me; I hope they’ll provide you with a massive shortcut to reach your goals.